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angeles daily news." that is all for the program, thank you for joining us. we will now go to the senate homeland security and government affairs committee where chairman lieberman is going to be hosting a meeting about the ongoing threats. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] . >> i was struck yesterday by reading a gallup poll in one of the newspapers that showed a significant decrease in concern about terrorism among the american people. now, this is understandable, particularly because of the stress that current economic conditions have put so many american families under, but as the three witnesses know very well, the threat is still all too real. our committee knows that as well. it's our job and yours to be focused on protecting our homeland and our people from violent extremist and terrorists no matter what the state of public opinion is about it at the moment, and that's why, of course, we are so happy that -- and grateful that you are here today. the tragedy of 9/11 is a daily reality for the three of y
at the convergence of 50 research reports that talked about the dangers of cell phone use in testinand texting devicee driving. there was so little understanding about this. we had a massive debate. we knew this was very danger is behavior based on the research. we come from at traffic safety perspective, and we know the way to change this behavior follows the formula you heard ray lahood talk about. how you do that in the framework of very little conversation was the difficult part. a year ago on january we call for a nationwide ban on told a news and text to use while driving, and we called for companies to put in place policies prohibit the use of this. it was such a long debate press because of the lack of conversation. then i look at today and what we heard from secretary lahood and others. but that the amount of activity we have heard from a state legislative point of view, a research point of view, law enforcement point of view. i encourage you as we listen to our panelists today to think about how we maintain the momentum. i think all of us know that a year of action, even a tremendou
. this is a reaction to what another country is doing to us. china is restraining its currency unilaterally. i wish they were not. i wish they were allowing their currencies to more liberally fluctuate with its true accommodating value. but if they can act unilaterally to hold down their currency, to make their goods seem more expensive for us to purchase, then we have the right to act in our best interests, whether it is unilateral or not, to respond. that way we can give our workers and businesses a fair chance to compete. i did not know if i can ask you a question, mr. secretary, it because you have done remarkably good job of trying to explain how important this relationship with china is. i believe you're trying to speak not just to us and the american people but to the chinese as well. i hope that some of us are able to speak to you and to communicate to the chinese people and government to say that this is not about trying to get on the case of the chinese. we have seen this picture before. we did it over a century ago. people are wondering where we came from when we became number one. i thi
%. if i may proud independence. -- i'm a proud independent. if you look at our infrastructure, who uses mass transit more -- middle class, lower class, or upper class? i would say is middle or lower. guest: certainly, it depends on where you are. the certainly, the average bus- writer in america has a slightly lower income -- the average bus rider in america has a slightly lower income than the average american household. however, the express between fort worth and dallas, for example, it tends to be middle and upper income the use that. across america, all strata of society use public transportation and depending on where the transit goes and what type of transit it is combined with the market is that they are seeking to reach, it could be of -- it could be either very high income, that is with the commuter rail lines in new york or chicago or san francisco are an example of. it can be no american income americans going back and forth -- it can be middle-class american income going back and forth to work. it is a wide spectrum of people that use public transit. when i give these statis
of manhattan and brooklyn and you can see pictures of this in front of us. into this toxic crowd ran firefighters and police and other first responders. first responders came from all 50 states to aid in the rescue and cleanup of the subsequent days. the environmental protection administration, e.p.a., despite ample evidence to the contrary kept falsely proclaiming that the air was safe to breathe. it wasn't. the terrorists caused environmental catastrophe but the federal government compounded the damage by telling people the environment was safe when it wasn't and now thousands of people are sick and in need of special care. we have a moral obligation to treat those who became ill and that's what this bill is all about. for eight years representative maloney and i supported a bipartisan basis by the new york delegation and others have worked to bring this bill to the floor. now it is finally time to pass it. time and again, as we move this bill through the legislative process, we've adjusted it, reduced its size and scope, limited its cost and made concessions to broaden the coaliti
asked them to send out messages to the world about the horror of the use of nuclear weapons. only those with firsthand experience can convey this. japan will coordinate with other countries and civil society to promote education on disarmament and non-proliferation issues. last december, demand -- japan's amended renewed determination toward the total elimination of nuclear weapons which was adopted in the general assembly with the united states as a co- sponsor for the first time. japan is determined to continue its efforts to strengthen the trend of broadening support for the resolution in the international community. steady implementation of the agreement of the conference in may is essential. japan and australia have coasted foreign ministers meeting on nuclear disarmament and non-poor operation on the opening of a new general assembly session. we have launched a new group dedicated to working toward a world without nuclear weapons. we intend to deep in discussions on reducing the role and a number of nuclear weapons and the world. -- in the world. i must make reference to the democ
for bringing us all together to talk about these very important issues. i have been asked to talk about racial profiling in the context of emigrants. there have been many waves of american history in which there have been anti-democrat laws and policies, but that the federal and state and city level. starting about five years ago, there has been a more recent wave, and states and cities across the country started proposing and enacting laws that were essentially designed to make life very hard for emigrants and to try to drive them out. in the last five years the state legislators have enacted reject proposed thousands of anti- immigrant laws. -- who have proposed thousands of anti-democrat loss. one of those mentioned here was the pennsylvania law, which is a law that prohibited undocumented immigrants from granting and restricted employment as well. there have been similar laws all across the country in places like farmers branch, texas. riverside, new jersey. in arizona, which is a very active state in this regard, is not the first and will not be the last. several years ago arizona passed
with north korea, the primary responsibility is north korea's. it brought us to this point, and if we are going to move to a better place, it will be up to north korea to demonstrate it is prepared to engage constructively. >> >> that is really up to north korea to take responsibility for any of its actions. we are all trying to interpret what has happened and work collaborative lead to interment -- collaborative leak to determine the best path for. >> to you believe it depends on china? whenever something happens in the region, there the first for consultation. >> we call the six party process because we of the country's that armas significantly affected by and have the ability to shape peace and security in the region. china has a special responsibility. it has been a leader within the six-party process and we will look to china to demonstrate leadership going forward. china has had recent high-level meetings with the north koreans. we will vow to their sharing their perspective with us -- we will value their sharing their specs -- their perspective with us. they have a special role
. when i spoke with members of congress this morning, all of us are convinced of one thing. we have to display absolute determination, a total will that will not tell -- will not fail, and we should show absolutely no weakness in our resolution. the iranians had months and months to change their behavior. there was an extended hand by president obama. they did not grab that extended hand. these economic sanctions way as much as possible so as to bring iran to be more responsible. france's condensed -- france is convinced that nobody should display any kind of weakness. >> thank you. >> former republican vice- presidential nominee sarah palin will be in iowa tomorrow night for the annual ronald reagan dinner in the morning. we will have live coverage beginning at 8:00 p.m. eastern here on c-span. the former alaska governor will be joined by iowa senator chuck grassley and former iowa governor terry branstad. book tv saturday night, bill clinton joins former british prime minister tony blair for a discussion of their years in office. that is on c-span-2. >> now a house hearing on a ch
talk about a meeting in september of 2009, when the word traditional was used, what were the words she used to your recollection? >> the ones i have a mile written statement. >> would you refer to the words he said she specifically said? -- you said she specifically said? >> that is page 13. the bottom of page 13, the top of page 14. >> i have a larger print. >> mr. chairman, would you mind if the answer that question? thank you. >> ok. >> my recollection is that she used the term traditional types of section two cases, and the terms of political equality for racial and language minority groups, and the term "that is what we are all about." >> ok. thank you. >> ok, if that is your answer. >> thank you. in the last round of questioning you answered yes to my question of did anyone at that meeting where you were participating by conference ez about theer ri race hostile opposition to the boating rights act. were you one of the people who told him? >> yes. i remember specifically say in it because i knew about his testimony in front of congress, and i wanted mr. perez to know that i stron
in place at 45 airports nationwide, and we intend to use recovery act funds to purchase even more machines and deploy them in the coming months. . . let me say, again, we are now through a secure flight, we have accomplished the cutover, so we are measuring the manifest against the watch list, and we're doing so for all domestic carriers. we will also be working with international carriers and hope to complete their cutover by the end of the year. this will lead to more thorough and timely watch list checks, and less of the miss identifications that sometimes cause unnecessary inconvenience for travelers and undue media attention. finally, we have begun screening 100% of the air cargo of domestic flights on passenger planes, as required by 9/11 act. this is a goal that we have been working towards. i know alpa has been working closely with the tsa on these requirements. we will continue to work with you to make sure that this program is as effective as possible and its implementation continues to go smoothly. so as i said at the beginning of my remarks, you remain one of the most vital par
their jobs. and today, mr. chairman, they are seeing us stand up for the american manufacturing and american workers and demand a level playing field and an end to china's currency manipulation. i yield back. the speaker pro tempore: the gentlewoman yields back. the gentleman from texas. mr. brady: i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from michigan. mr. levin: mr. speaker, it's now my pleasure, a deep privilege to yield a minute to our distinguished speaker, nancy pelosi. the speaker pro tempore: the gentlewoman is recognized. the speaker: thank you, mr. speaker. i thank you for the recognition and of yielding of time from the distinguished chairman of the ways and means committee. w and means committee. i think him for bringing this legislation to the floor and i thank mr. murphy -- bipartisan murphys for their leadership in this important legislation. mr. speaker, for so many years, we have watched china-u.s. trade deficit grow and grow and grow. and today, we are finally doing something about it by recognizing that china's manipulation of the currency
the expectations of the people who will use our products. >> on august 19, an online article suggested that mcdonnell had exceptional quality control measures until 2002, the year if you assumed the position of chairman and chief executive officer. the article suggested that cost- cutting had a significant impact on the quality control standards and procedures across the company. are you familiar with that article? >> yes, sir. >> further, the article is critical of your ability to manage the consumer products business we are discussing today. is it possible at cost cutting contributed to the culture that created the quality issues? >> i did not believe that cost cutting contributed to this. >> do you think that's the cost cutting culture may have inadvertently created a situation in which santa recalls and processes that did not put consumer safety first could occur? >> no, sir. could i elaborate on that. >> while we have five minutes, but i do want you to answer. >> i do not believe that cost cutting nor financials were put ahead of the quality for patients at any of our facilities.
have to give us adequate time to get to the floor so we can respond to the bills and i am recognized and am making a statement because i'm really upset. this is the way the majority has been running the congress, mr. speaker. . you wonder why the american people are upset with majority is because of this. if you don't give adequate notice to the ranking member to be to the floor on bills, people are going to know. you know they are going to know? because i'm going to tell the story. rules matter around this place. now, let me go back to the first bill. the only reason i want to mention this is because i want to thank, you just passed it, we are going to do it by voice, let me tell you what's upsetting. it's the parliamentarian. from the time you drop that bill and the parliamentarian makes sure it gets to the jurisdictions. some might get amended and some other committee thinks they want a view on it. what happens is the majority not giving a doggone about the minority puts bills on this floor no matter what they do so long it's in comfort with someone else. they don't care about the
speaking i would appreciate it. tell us your name and any ebullitions you might have. please wait. we have microphones coming around to you. >> thank you. i am mike billington. i do not know if you went to the conference in quantico last week, but at that conference are raise the exact question you have drawn, the elite of the chinese and russians and others that the evidence is an adequate. the response from different generals as we do not need no stinking evidence. [laughter] look at the provocations, it isn't their character, therefore we have to accept this is true. you did not mention the issue, which has concerned me about this, which is why in this area of very high south korean and u.s. and nato anti-submarine warfare facilities and sonar equipment and so forth there appears to have been no son are evidence whatsoever -- no sonar evidence whatsoever? we all know that north korea said they had nothing to do with this, but i am wondering what you did north korea thinks about this. in other words, who could have done it, who in the west? is that the british? whaty is the view of the n
use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker: the house will be in order. the prayer will be offered by our chaplain, father coughlin. chaplain coughlin: all powerful lord, you fulfill your promises day by day and lead your people to greatness. we ask each of us you are the -- you are the one who asks each of us a life worthy of your calling. by embracing the responsibilities of our station in life, each of us is to perform our duties with humanity, neatness and patience. by baring with one another with understanding we are to make every effort to preserve the unit we have been -- unity we have been given by your divine promise and seek peace at ever-turning events. your guidance is with us now and will be fully revealed in the end. amen. the speaker: the chair has examined the journal of the last day's proceedings and announces to the house her approval thereof. pursuant to clause 1 of rule 1 the journal stands approved. the pledge of allegiance will be
. it mandates that funds provided by the legislation shall be used to supplement and not to supplant other energy efficiency funding. it says that no report has to be filed with the comptroller general regardling the extent to which funds provided by the legislation that are used to support commercial or industrial energy measures. it prohibits any additions to direct spending with respect to the legislation. it forbids funds from being used to purchase personal property, including manufactured homes but allows funds to be used for modifications to manufactured homes. . it prohibits regulations regarding a home labeling program, it also prohibits the wrongful use or diversion of program funds, as well as prohibits providing funds to any contract who are employs any person who has been convicted of or pled guilty to any form of sexual assault. finally it prohibits federal employees from receiving loan fund fs they have seriously delinquent tax debt, have received a payment in violation of the liheap or have been officially disciplined for viewing, downloading or exchanging pornography on fe
deserved for being a phenomenal leader and the u.s. congress for three decades, who's sitting right here in the front row. and i've just got to say how much all of it congressman phil crane has done for the cause. [applause] [alause] i've got to say one of the really early thrilled by head when i was enacted in politics as a young guy with cp had a guest there wasa young republican national convention in new orleans where i'm from and standing on a riverboat going down the river and congressman crane was there and was so approachable and he will remember it come up and i remember it to this day comes thathey're talking to me for the longest time, drinking a beer as if he had nothing better to do than talk to this college kid. and again, thank you, congressman crane. [applause] also one other shout out. my fellow yaf word member at georgetown university in the mid-80's and fellow fresan dorm for who we were in the same freshman dorm for, fellow iter, he is fed by a heck of a lot more people across this country than i did and is done great things to the conservative cause. my friend tried
to the middle east. >> direct negotiations among the u.s., israel, and the palestinian authority in pursuit of a final agreement, sediment, and just peace of two states living side by side -- settlement. george mitchell will answer a few questions, but we still have meetings going on. he will have to return upstairs to rejoin the negotiations. >> good afternoon, ladies and gentlemen. the parties have just concluded the first round of trilateral talks. the meeting lasted about an hour and a half. it began with a plenary session involving the full u.s., israeli, and palestinian delegations on the eighth floor of the state department, and then broke to a smaller meeting in the secretary of state's personal office involving prime minister netanyahu, president abbas, secretary clinton, and myself. prime minister netanyahu and president abbas then went into a separate meeting for a direct discussion. that meeting is still going on right now. in the trilateral meeting, there was a long and productive discussion on a range of issues. president abbas and prime minister netanyahu expressed their inte
permits. i'd now like to introduce our head table guests from your right. jeff, u.s. senate press gallery. jean from yahoo! news. lisa, "tribune newspaper's" "l.a. times." al, "the hill." andrew snyder, chairman of the speaker's committee, associate editor, kip linger washington editors. deborah, senior vice president, haguer sharp, and speaker's committee member who organized today's event. shawn, member of the press club board of governors. jonathan, bloomberg and former n.p.c. president. and a member from bergen records. [applause] today we are a little over a month away from elections that will likely bring changes in washington. poll after poll shows that voters are not happy. there's plenty of evidence that shows incurveents are unhappy. the economy is still struggling. the senate seems unable to move forward with major legislation as gridlock sets in final days before elections. it's not pretty. it's probably not a great time to be in charge of winning elections all over the country. or is it? our speakers today are two of the men who are in charge of leading their party's efforts
you for being with us. he is in town for the american political science association's annual meeting. in fact, c-span has been covering a lot of their events. tonight, if you have not gotten enough politics, tonight on c- span is the night to watch politics because we are going to kick off -- all day long this is going on. apm, the political report, there look at -- their look at the political races. and we will look of the cook political report and the 2010 elections and their take on it. if i probably should have mentioned this first, at 4:15 p.m. this afternoon, american political science association 2010 elections. and then tonight, political report. then the california senate debate, which just happened last night between senator boxer and carly fiorina. and then the arizona gov. debate. we will follow that, governor burqa against her opponent, attorney general terry goddard. and then at 11:00 p.m. tonight, the nevada gov. debate between brian stanozol and rory reid, the son of majority leader harry reid. that is all politics tonight. "book tv" coming up. the we have a three-da
at the time of economic and fiscal arrested, and second is this the best use of limited dollars given the pressing needs to take cover ou care of our people. i share the secretary's objectives are reducing duplication overhead and access in the defense enterprise and instilling a culture of savings and restraint across the department of defense. on august 9, the sector followed up by announcing a series of specific cost-cutting measures, including a reduction in funding and for service support contracts by 10% per year for three years, a freeze on the number of o.s.d. defense agencies, a freeze on the general officers, a review and reduction of the number of reports, studies, and advisory boards, new limits on positions and contractors for intelligence functions. i agree with the secretary on the rapidly-expanding service contractors who supports the department. too often in the past we have constrained and number of department of defense employees without raisplacing a limit on service contractors. and rather than saving money, we have lost badly needed talent, expertise, and institu
you so much for being with us on this wednesday. we will take you to the house of representatives live next. we will be back tomorrow morning at 7:00 a.m. eastern time. today the house is working hard to get out of here, we do not know the schedule will change, but we for sure know that one of the bills on their agenda today is a discussion about compensation for 9/11 first responders who have developed health problems. thank you for being with us. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] periods [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker: the house will be in order. the prayer will be offered by the guest chaplain, reverend scott moore, doctorial student, germany. the chaplain: god of the nations, you have chosen many in various ways to show your pre
pensions were rewards of for a long work, and we used to regulate labor markets for companies. the retirement age, the existence of retirement age in our society is a function of decisions, both of increased productivity in the last century and decisions we made about allocating leisure. much of the leisure we chose to take from increased productivity went into shorter workweeks, went into longer vacations, earlier than in the last century, before say the 1950's. after the 1940's or so, much of the increased leisure went into what we call retirement, a time of non-work. we created this institution. it is malleable to some extent. it is also terribly important. the yearly retirement story is interesting. it begins to some extent with the unions very successfully negotiating 30-year and out early retirement options, and many of the unions that have defined benefits in many of the businesses agreed to early retirement provisions that served the purpose of on the one hand, rewarding workers for long-term service, and two, turning over the labor force. i say that because the flip s
with 31% of the vote. this is about an hour. >> good evening and thank you for joining us for this first gubernatorial debate. >> tonight's debate is brought to you by impact nevada. this is a partnership between ' the las vegas review journal" and pbs. >> rory reid and brian sandoval have released plans for improving education. we will hear from both candidates on this issue. >> the venue for tonight's debate, the andre agassi college preparatory academy. here is a man who really cares about education, andre agassi. [applause] >> thank you. good evening and welcome to the andre agassi college preparatory academy. i want to rory reid and brian sandoval for accepting this invitation to come here to share their thoughts on this vital issue, education. we built this school because we believe nothing has the power to change a child's life like a quality education. without an education a child cannot hope. without a quality system, a state cannot compete. the next governor will long be remembered for the effect on education. nevada is struggling economically. a huge portion of our state budge
comfortable i think that will go a long way to helping us get out of what we are in. host: the twitter community on our website page which is c-span wj are talking about your background and the fact that you were a chief risk officer for several of these companies that were in trouble. guest: i was also a regulator. host: they are wondering -- and i am, too, you implied you didn't stay at some of them because of the risk the companies were taking. can you sort of speak in general about what kind of conversations you or some others that you know, your colleagues, might have had with executives and what kind of push-back you got? guest: that is a delicate situation for me because there is litigation going on so i can't speak to too many specifics. but i will come back and say i wrote a study on this back in the spring on risk management practices during the motor crisis and i believe the following from what i observed and it didn't matter what kind of institution it was, bank, thrift or whatever it was. or even the people there. these institutions, before the crisis, were very sales orie
to certain entities that will use the funds to make loans to consumers to implement energy efficient measures involving structural improvements and investments in cost effective commercial off-the-shelf technologies to improve home energy use. the speaker pro tempore: referred to the house calendar and ordered printed. mr. arcuri: thank you, mr. speaker. the speaker pro tempore: the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from nebraska rise? >> request permission to address the house for one minute. the speaker pro tempore: without objection. mr. fortenberry: mr. speaker, he was called a young man of integrity and respect, a great marine who loved the marine corps, a loving husband and father. this is how the late staff sergeant michael a. bach was remembered by those who knew him. he was conducting operations in the hellman province in afghanistan when his patrol came under fire and died from those injuries on august 13. he had served four deployments in beeth iraq and afghanistan and was awarded the purple heart, navy and marine corps achie
for years and they have elected me to that. >> in new hampshire -- >> u.s. civil rights commission is holding a conference on civil rights in the 21st century and includes speeches and panel discussions on various aspects. business leaders and scholars discuss the legal and social tools available for fighting discrimination. >> including continued racial and ethnic disparities in important measures of well-being and success. this discussion obviously includes a consideration of public policy options, both old and new, but it goes beyond public policy by also asking about the limits of government action and what the right mix of government and nongovernment action should be. in a pre-conference conference call with the panel members, we identified the following questions as relevant. they don't have to answer them all, but i'm going to repeat them anyway and if they go off on more brilliant things i might turn them back to a few of these questions. first, beyond rigorous enforcement of anti-discrimination law, ca can and should be done by government to narrow racial and ethnic dispa
of medical technology changes over that period of time. you have diseases like pneumonia that used to kill people and now you take a few pills. we have had all these changes and that has not changed the fact that health care -- when we are wealthier, we want to consume more health care. we want to stay healthier. we're willing to pay for it and replace body parts. when you get old, you are replacing these body parts. we have not been able to control that because no one is paying for it. if individuals were paying for it, it might look different. with 60 years of consistent growth, i think we are projecting that time and saying magic will not happen in the next 60 years. we would say the variances small parade you are absolutely right that we do not know what will happen in the future. i think it is largely about incentives. if we are structuring the incentives, we are not making the providers -- we need to take medicare advantage and give people premium support and make medicare all medicare advantage and go out and let them bid to get the customers instead of us telling them what we will
carbon emissions, let me tell you what will not work. it would not work to use cat and trade. cap and trade is being put out as the way to solve this problem. cap and trade is the notion that we will set a limit on how much carbon emissions there will be. we will deal out the cards to people who get to the met this much carbon, and then we will say what -- now somebody else wants to reduce carbon, you have to buy one of these emissions permits. at the same meeting where i met t.j. rodgers, i also met jeff in help from general electric. just in health -- jeff, after giving an impassioned speech about how greene general electric -- she might have thought they were green electric rather than general electorate -- how greene generally lesser was and how -- how greene general electric was and how deserving they were to get this, more efficient engines, and so on and so forth. he capped it quite well when i asked him a question, were they really that green or with a just lobbying? he got a little bit mad, and he said, if you are not at the table, you're on the menu. let that soak in for
's not what we have now. that's not what the taxpayer is going to give us. the taxpayer says give us the security we need for the money i have. so the circumstances change. second thing is, the era has changed. an earlier question came about services. services weren't such a big deal for some of my predecessors. some of my predecessors were not at war, which forces a cadence upon us that during the cold war we prepared for, we didn't conduct war. that was a different schedule. you could look at programs that were 10 and 15 years. you didn't have to deliver to afghanistan this summer. so circumstances change. and this is -- these are the initiatives that are appropriate to the circumstances in which we find ourselves. or on the submarine side. >> i'm a little nervous about that. i use speed and size. i know the navy acquisition executive is here. let me follow up with you. there are size and speed that i want to be careful what i say. the design of the submarine and therefore, how much it costs. >> much what we have seen is in the war zone and this applies to iraq and afghanistan. wou
is crossing the table. and they are able -- their business model is basically to use the power of their monopoly or duopoly position to extract more and more revenue from folks who are dependent on this service that is essential for the transaction -- the sale of gas, the sale of grocery -- to occur. and that business model that i think we have to reward is the hard work and good service and high quality and a fair price. and our merchants, individual merchants, have no capacity to protect themselves on the cost of each transaction. and when you have electronic transactions, they are pretty simple to do. there is an expense involved. the price as charged has to be fair. and unless you have a cop on the beat -- in this case, the federal reserve writing regulations to make certain the banks don't overreach so the charges are reasonable and proportionate -- you will see merchants getting hammered with because they can't control. it eats into their profits and their viability. this i think is overdue. other countries have a much lower cost per transaction, and their economies do fi
. mr. neal: madam speaker, more than 100 years ago the first u.s. mutual fund was started in boston. mutual funds have been a way of life for every man to invest in the market. with the benefits of pooling and diversification. it invites the term mutualization. today more than 50 million households invest through mutual funds with a median household income of $80,000. more than 50% of 401-k assets were invested in mutual funds at the end of 2009. h.r. 4337 was introduced last year by mr. rangel and i to modernize the tax laws regarding to regulate investment companies, better known as mutual funds. a technical explanation and revenue table for this bill may be found on the joint tax website, www.jtc.gov. the tax rules that relate to mutual funds date back to more than half a century. although those rules have been updated from time to time, it's been over 20 years since they were last revisited. the bill before us today would make several changes to the tax code to address outdated provisions such as rules that relates to preferential dividends and rules to mutual funds to send noti
, this has helped us a lot combat the production. we formed in east tennessee, what was the southeast tennessee meth task force which was a local, state and federal partnership because methamphetamine production can't be combat the exclusively at the state and local level. they just simply can't. they didn't have the resources to surveil it. it becomes a toxic site where it is made, so they didn't have the resources to clean it up. and it grew to be the east tennessee meth task force and now it is a statewide task force. we have had tremendous success. but we have to continue to modernize the laws, including federal component in order for drug professionals to be able to keep it out of the hands of people who are addicted, because they produce this, most of the time, for use. and as a result, this is just a deadly, deadly disease out in the hinterland of america and we have to fight it. this bill is another step in the right direction. congressman gordon and i worked together and congressman cooper passed a bill a few years ago to create federal grant support of the children who are t
have used -- pack as far as cannabis goes, the vast majority of us have used it. as far as afghanistan and opium, we saw on the news where our soldiers were guarding the poppy fields. we're using our tax dollars to guard the poppy fields. this is a joke. as far as the opium and cocaine, and do not know, that marijuana is not that bad. it should be legalized. i do not use it no more. it is not that big a deal. thank you. guest: 2 richard and all of the other callers, one of the great advantages of living in the american society is we can have this dialogue and you get to this dialogue and you get to speak your piece, but clearly i cannot change the laws and the united states. elected officials get paid to do that. as long as illegal and unlawful, something i believe is correct and we should not be making illegal, then we are duty bound to enforce the laws. respectfully, i would tell you to direct your comments to congress. host: what keeps you awake at night, what worries you the most with respect to the importation of illegal drugs? guest: it is the drug trade and transnational crimina
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